Yahoo Finance Home Bancshares (Conway AR) First Quarter 2024 Earnings: Beats Expectations
Home Bancshares (Conway AR) (NYSE:HOMB) First Quarter 2024 Results
Key Financial Results
Revenue: US$241.9m (down 2.3% from 1Q 2023).
Net income: US$100.1m (down 2.8% from 1Q 2023).
Profit margin: 41% (in line with 1Q 2023).
EPS: US$0.50 (down from US$0.51 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Home Bancshares (Conway AR) Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Home Bancshares (Conway AR) that you need to take into consideration.
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